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Tuesday, 14 October 2014

USDJPY is still trading within a bearish sentiment.

EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.27361.28161.2864
Support1.26081.25601.2480
Primary ScenarioEURUSD is moving sideways, but below the daily pivot zone at 1.2688. Should the pair successfully breach the barrier at 1.2608, it is expected to find support at 1.2560.
Alternative ScenarioA bounce up from current levels, will lift the market to reach the daily pivot point at 1.2688.

EURUSD
GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.60331.61651.6233
Support1.58331.57651.5634
Primary ScenarioGBPUSD reached a multi-month low, signaling its bearish preposition. If the pair manages to extend its downtrend, it will hit the support level at 1.5833 and further down to 1.5765.
Alternative ScenarioA higher thrust of the exchange rate will lead the market towards the daily pivot at 1.5965 and even higher at 1.6033.

GBPUSD
USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.95710.96050.9657
Support0.94840.94330.9398
Primary ScenarioThe pair has been trapped between the support level at 0.9484 and the resistance level at 0.9571. An upward momentum would trigger the market to penetrate the hurdle at 0.9571, targeting the forthcoming resistance level at 0.9605.
Alternative ScenarioA plunge of USDCHF will push prices to find support at the daily pivot (0.9519) and then lower at 0.9484.

USDCHF
USDJPY Technical AnalysisUSDJPYH4Down Trend
Resistance107.48108.19108.90
Support107.02106.64106.03
Primary ScenarioUSDJPY is still trading within a bearish sentiment. Any decisive movement downwards will push the pair towards the support at 107.02 and moreover lower at 106.64.
Alternative ScenarioA successful attempt to surpass the resistance level at 107.48, will lift the market to the next target at 108.19.

USDJPY
AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.87840.88560.8902
Support0.86660.86200.8548
Primary ScenarioAUDUSD is oscillating around the daily pivot at 0.8738. Any forceful movement to the south, will lead the pair to retest the barrier at 0.8666. The next support is seen at 0.8620.
Alternative ScenarioIf the currency rate achieves to exceed the daily pivot, it will fuel the pair further towards the resistance level at 0.8784.

AUDUSD

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